||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
LSL Property Services Share Discussion Threads
Showing 551 to 574 of 575 messages
|Worth a punt 220p? - or is the property market bust for good?|
its the oxman
|"Despite a strong H1 from LSL we have rebased 2016 EBITDA estimates to £38m in the light of the group’s cautious H2 commentary. Assuming reduced H2 exchange volumes compared to H2 2015 with the consequent impact on estimates addresses 2016 but the real question is what of 2017? Will a recession see volumes back to 2010 levels? In the absence of any political clarity, the prospects for 2017 remain difficult to assess. On revised 2016 estimates and adj EPS of 23.0p, LSL shares stand on 9.8x P/E, and an EV/EBITDA multiple of 7.7x. We have also taken a cautious line on the dividend, which at 10p offers a 4.4% yield..."
update from finnCap on Research Tree|
|I am struggling to understand the negative effects of Brexit on the housing market. They Have a very good rental department and financial services sector. Bank of England reducing rates and more qe. Apart from people sitting on their hands doing nothing due to the population thinking something bad is going to happen I struggle to understand. The pound has dropped therefore exports should start to rise hopefully increasing employment.|
|Now new results 5 months later and no new posts here either. Yes, Oxman, This share showed up on my radar screen after Brexit but like all companies in the real estate space most investors are holding fire on them for a bit, me included. Even a 5% divi isn't sufficient reason right now so I am watching closely but not committing yet. As for a "return to 410 over the next year or two", that will be a tall order and I doubt it.|
|Not much interest following ok results. Views??|
its the oxman
|I'm surprised no one's picked up on this one. It has excellent fundamentals - low PE, low PEG, rising profits and Dividend yield...
Well hammered by property worries but I expect it to return to 410 over the next year or two.|
|If you can afford a £4m house then the extra stamp duty doesn't really mean a lot.|
|Any idea as to why has fallen suddenly?|
|Broken through recent resistance
|Confident looking outlook from numis.
|through recent resistance at the close - a 1 year closing high
|LONDON (Alliance News) - Numis downgrades its recommendation on LSL Property Services by one notch to Add from Buy but pushes up its target price on the shares given it sees an improving outlook for the company accessible at an attractive valuation.
LSL shares are down by 20% since March 2014, reflecting both moderating conditions in the UK housing market and additional professional indemnity costs. That has meant shares in the company have fallen back to an 11.1 times 2016 price-earnings multiple, despite its forecasts being based on a flat market backdrop and only partially reflecting the new strategic initiatives the company has put in place, which could boost pretax profit by 50-100% over the medium term, Numis thinks.
LSL's full-year results for 2014 were a record for the company, Numis notes, despite mortgage approvals and transactions volumes significantly lagging pre-downturn levels. But while activity in the UK housing market cooled in the second half of 2014 and into the start of 2015, the outlook remains positive, in particular following the Conservative Party's victory in the General Election, which has removed several elements of uncertainty.
Alongside other positive fundamentals, the housing market should see a good second half of 2015 against increasingly weak comparatives and any pick-up in activity has the potential to boost LSL estimates significantly given Numis' estimates are based on flat market conditions.
LSL current 11.1 times 2016 price-earnings multiple compares to 13.8 times for Countrywide, its closest peer, and Numis thinks this valuation gap is too wide and expects LSL shares to react strongly should evidence of improved trading conditions or any success from its strategic growth initiatives feed through.
Numis lifts its target price to 440 pence from 410 pence.
LSL shares are down 0.6% to 386.00 pence on Wednesday.
By Sam Unsted; email@example.com; @SamUAtAlliance
|Setanta Asset Management ADDING|
|solid buying, ready for the next leg up imo.|
|Last time I saw a bowl that priceless was on the antiques roadshow.
Sector performer. Classic uptrending chart.
Some great steps up toward the giant leap to 500p
30 Apr 15 finnCap Buy 383.13 430.00 430.00 Reiterates
30 Apr 15 Numis Buy 383.13 - 438.00 Reiterates
10 Apr 15 Jefferies International Buy 383.13 375.00 477.00 Reiterates|
|Lovely bowl imo
free stock charts from uk.advfn.com|
|HELLO ... Hello ... hello ..... ECHO ... Echo ... echo|
|Like talking to yourself? visit the LSL board!
Significant upgrade 10 Apr 15 Jefferies International Buy 375.00 477.00|
|Ultimately its all about the Outlook:
The outlook for 2015 continues to be in line with the Board's expectations. LSL remains committed to its Estate Agency strategy of increasing operating profit per branch; expanding the number of Marsh & Parsons branches; growing recurring revenue streams; evaluating selective acquisitions and to its Surveying strategy of maximising revenue generation from B2B customers and optimising capacity management.
The Group has a strong balance sheet, is extremely cash generative and is well placed to increase shareholder value in a changing market with potential additional benefit from selective acquisitions.|
|News due this week. Bullish outlook imo.|
|Houseprices set to rise ...
Panic buying always follows, then rents go up, and people rush to buy or rent. WIN WIN WIN|
|As well as increase in housing activity, Chart bowling up, and uptrend confirmation imo
free stock charts from uk.advfn.com|
|Property Prices Up 1.0% In March According To Rightmove’s March House Price Index
Londoners buying the dip (20 buyers for each property)...
House prices fall in London but demand is still strong with 20 buyers vying for each property